NEW YORK, NY--(Marketwire - December 2, 2009) - Delta Mining and Exploration Corp.
(PINKSHEETS: DMXC) ("Delta") is pleased to announce that it has signed a
binding agreement (the "Agreement") with Amigo Inc. (Amigo") and Mr. Garry
Carlson for the acquisition of a 100% interest in the Delcer Buttes
gold-copper property (the "Property") in Elko County, Nevada.

Basic Terms of the Agreement

Delta will own a 100% undivided interest by issuing seven million common
shares of Delta to Amigo that are restricted from trading until July 1,
2010, paying $10,000 in cash (to cover previously-paid Property maintenance
fees for the past two years) and expending a minimum of $20,000 per year as
a work commitment on the Property.

In addition, a 2% Net Smelter Return ("NSR") royalty is payable to Amigo
from any commercial production from the Property. Delta retains the right
to buy-back, at any time, half of the NSR royalty (1%) for $3 million.

Title to the 31 unpatented hard-rock mining claims (totaling 680 acres)
comprising the Property will be transferred to Delta and Delta must
maintain the Property in good standing in accordance with the State of
Nevada and Federal Mining laws, which includes paying for all governmental
maintenance payments.

Delta will be the project operator and has agreed to utilize the services
of Amigo on a consulting basis for certain exploration services (including
geophysical surveys) on the Property for a maximum of two years.

Details of the work program will be announced in the near future pending
finalization of the initial field work program by Delta and Amigo.

About the Delcer Buttes Property

The Property is located in Elko County, Nevada, 60 miles south of Wells.

To the west of the Property is the prolific Carlin Trend, which produces
close to 3 million ounces of gold per year. Approximately 10 miles to the
southwest is the northern boundary of the Battle Mountain-Eureka Trend,
another linear zone of significant gold endowment.

The nearest significant gold mining operation is at Bald Mountain (Barrick
Gold), 40 miles to the south and which is part of a group of north-south
oriented gold mines including the now-exhausted Alligator Ridge gold mine.
In 2008, Bald Mountain is reported to have produced 105,000 ounces of gold
and proven and probable mineral reserves as of December 31, 2008 are
estimated at 2.85 million ounces of gold.

Amigo has proposed a model similar to the Bald Mountain deposit, which is a
copper-gold deposit, which, in addition to zones of high-grade skarn ore,
also hosts open-pittable, sediment-hosted, lower grade mineralization.

The Property hosts classic copper/gold skarn mineralization and extensive
covered areas where other skarn or sediment-hosted mineralization may lie
undetected. The skarns appear to be manto-like and the source of heat and
fluids could be a large intrusive located to the north of the Property with
dike offshoots cutting across the Property.

Typically, delineation of "blind" skarn mineralization by geophysical
methods is a common exploration tool.

About Delta Mining and Exploration Corp., http://www.deltamine.com: Delta
Mining and Exploration Inc. is an emerging exploration company whose main
objective is to locate and explore land with mineral and precious metal
deposits in the mining rich regions of North America. Delta currently owns
mineral rights to land in central Montana as well as the rights to 31
claims and 680 acres of land in Elko County Nevada.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 (the "Act"). In
particular, when used in the preceding discussion, the words "plan,"
"confident that," "believe," "scheduled," "expect," or "intend to," and
similar conditional expressions are intended to identify forward-looking
statements within the meaning of the Act and are subject to the safe harbor
created by the Act. Such statements are subject to certain risks and
uncertainties and actual results could differ materially from those
expressed in any of the forward-looking statements. Such risks and
uncertainties include, but are not limited to, the ability of the Company
to complete the planned bridge financing, market conditions, the general
acceptance of the Company's products and technologies, competitive factors,
timing, and other risks described in the Company's SEC reports and filings.